Abstract:

Emerging financial markets are nothing but a transition period to developing financial markets during which they are exposed to many unknown and uncertain financial risks resulting from internal or external events that lead to a lack of transparency and disclosure of information, despite the measures taken by those markets regarding the disclosure report. And disseminate the necessary information to investors in a timely manner to ensure sound decisions and market efficiency. In order to reduce these risks, it is necessary to ascertain the quality of the information contained in the financial statements and their accompaniments, as this information is the most important pillars that can be relied upon to measure the size of the risks, as well as its role in the financial forecasting process, which is the basic nucleus and which is clearly reflected on the value of the companies’ shares in The market, using all available tools, sources and areas to deliver information credibly away from unethical methods to ensure the accuracy of optimal decision-making and to evaluate the general performance of companies and financial markets, which is clear from the importance and impact of this on the accuracy of financial analysts’ predictions that depend mainly on transparency and disclosure in financial reports published (), in order to increase accuracy in obtaining all available information about companies. The expectations of the mirror financial analyst that reflect all the information contained in the financial statements and reports, which makes reducing the forecast errors of financial analysts to the lowest possible degree, and this is an urgent goal by many Accounting and economic literature.

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